Laura Doucette

Laura Doucette

Sales Representative

Sutton Group Innovative Realty Inc., Brokerage*

Office:
905-575-7070
Email Me

Laura Doucette's blog

29 May 2024

Hamilton ON Real Estate Statistics January 2024

Hamilton Market Activity Jan 2024

Residential Real Estate Market Report January 2024

Is Buyer Confidence improving? There was no rate change by the Bank of Canada so far this year, which seems to have helped buyers in their decision to move ahead with a purchase. Sales were slightly higher than last year. Inventory slowed somewhat but are still 11% higher than reported a year ago. Sales are still below long-term trends and will probably stay that way until interest rates start coming down. 

January 2024 had 1,132 Total Residential Listings come through the Hamilton Real Estate Board as reported by The REALTORS®...

read more | Laura Doucette's blog
29 May 2024

Hamilton Real Estate Statistics Jan-Dec 2023

2023 Year in Review Statistics & Property Values Report

Lending Rates in 2023 remained high and reached levels not seen in 20 years. There were 7 Bank of Canada rate hikes in 2022 and another 3 in 2023, going from .25% in Feb 2022 to where it sits now at 5%. As a result of these higher interest rates, Residential Sales declined throughout the REALTORS ® Association of Hamilton-Burlington (RAHB) Area for the 2nd year in a row. The only price range that saw sales improve were those under $600,000, which only accounts for 20% of the supply. Inventory levels increased over the latter half of...

read more | Laura Doucette's blog
Syndicate content

Have Questions?

I agree to receive marketing and customer service calls and text messages from Sutton Group Innovative Realty Inc., Brokerage*. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.
Disclaimer By entering my contact information I give my express consent to be contacted by 'Laura Doucette, Sutton Group Innovative Realty Inc., Brokerage*' and or real estate salespeople on behalf of 'Sutton Group Innovative Realty Inc., Brokerage*' to discuss potential services.